A British tycoon who allegedly defrauded Hewlett-Packard when he sold his software company to the U.S. tech giant in 2011 has been extradited to the United States to face criminal charges. In January 2022, the then Home Secretary Priti Patel ruled Mike Lynch—who founded Autonomy in 1996—could be extradited to the United States, where he…
Elon Musk Names New CEO of Twitter
Twitter and Tesla owner Elon Musk on Friday named NBCUniversal advertising chief Linda Yaccarino as the CEO of Twitter, coming just hours after she announced she would be leaving the corporate media outlet. “I am excited to welcome Linda Yaccarino as the new CEO of Twitter!” Musk wrote in a post on Friday. The billionaire…
IN-DEPTH: Is Your Money Spying On You?
News Analysis Slowly but steadily, our money is taking on a new role; in addition to its traditional function as a medium of exchange and store of value, money is increasingly becoming a means of surveillance and control. Financial privacy has become one of the biggest casualties in the world’s relentless march to a digital…
New York AG Suing Gun Manufacturer for Aiding Mass Shooter
May 12, 2023
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2nd Amendmentarms manufacturersBusiness & MarketsCompaniesLetitia JamesNew YorkPolicies & ImpactsRegional & State NewsSocial IssuesState NewsUS
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New York Attorney General Letitia James filed a lawsuit against a gun accessory manufacturer on Thursday, alleging that the business facilitated the illegal possession of weapons in the state. The lawsuit (pdf) has been filed against Georgia-based Mean Arms for allegedly aiding in the illegal possession of assault weapons in New York, including the weapon…
Import Prices Jump in Latest Sign Inflation Refuses to Go Away
Import prices rose sharply in April, and Americans’ long-run inflation expectations jumped to their highest in 12 years, dovetailing with other pricing data released earlier this week, suggesting inflation may be a more entrenched problem than many believe. U.S. import prices rose 0.4 percent last month, after falling 0.8 percent in March, according to data…
Neither Default Nor Chaos
Commentary Treasury Secretary Janet Yellen has warned again (and again and then again) about the dire approach to Washington’s debt ceiling. She has told the nation that the prospect is near and that it could cause the country to default on its debt, an event, she adds, that would bring financial and economic chaos. Media…
New Zealander Migrant Worker Made to Work 72 Hours a Week Without Getting Paid
A newly arrived immigrant in New Zealand was found to be exploited by her company, working 12-hour days, six days a week, without getting paid. Haesol Yuk arrived in New Zealand with her family in 2019 from South Korea when her husband got an appointment as the Pastor of the Jesus Aroma Church Trust, according…
IN-DEPTH: Iowa Supreme Court Will Likely Hear Challenge to Land Surveys on Private Property
May 12, 2023
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Business & Marketscarbon captureCompaniesconstitutional rightseconomyenergyFeatured TopicsInvestmentIowaPolicies & ImpactsRegional & State NewsRegional NewsUS
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An Iowa Judge recently ruled in a Clay County case that a state law regarding access to private property for land surveys is unconstitutional. Another judge in a similar Hardin County case determined on May 10 that the same law is constitutional. Brian Jorde, managing lawyer at Domina Law Group in Omaha, Nebraska, who represents…
Chinese State-Owned Baowu Group Eyes Western Australia for New Green Facility
May 12, 2023
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AustraliaBusiness & MarketsChina NewsChina-Australia RelationsDon FarrelleconomyInternational RelationstradeWorld
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Chinese state-owned iron and steel company, Baowu Group, has indicated an interest in building a new green steel plant in Western Australia. During talks with Australia’s Federal Trade Minister Don Farrell in Beijing on May 11, Baowu Group’s chairman Chen Dorong said Western Australia’s availability of clean energy, and ore made the state an ideal…
Peloton Is Recalling More Than 2 Million Exercise Bikes Over Injury Risk
Peloton is recalling 2.2 million of its exercise bikes in the United States over concerns that the bike’s seat can break during use, posing fall and injury hazards, the Consumer Product Safety Commission (CPSC) announced Thursday. The recall impacts the Peloton Bike Model PL01, which is 4 feet long by 2 feet wide, and has an adjustable…
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